Joe Amato, President and Chief Investment Officer of Neuberger Berman, appeared on CNBC’s ‘Squawk Box’ to share his insights on the latest market trends, the upcoming Federal Reserve policy meeting, and the outlook for interest rates. Amato discussed the potential impact of the Fed’s decision on the markets, as well as the firm’s investment strategy in the current market environment.
Dan Greenhaus, the esteemed chief strategist of Solus Alternative Asset Management, graced ‘Closing Bell’ with his presence to shed light on critical market dynamics, the impact of Federal Reserve policies, and his expert market outlook. Greenhaus’s insights provide invaluable guidance for investors navigating the complexities of the financial landscape.
Oil prices stabilized on Thursday, balancing signs of weakening fuel consumption in the US with escalating conflict risks in the Middle East. Both Brent crude futures and US West Texas Intermediate crude futures witnessed marginal gains. Data from the US Energy Information Administration (EIA) indicated a smaller-than-estimated decline in gasoline stockpiles and an unexpected increase in distillate inventories, suggestive of decelerating demand. This slowdown coincides with indications of subdued business activity in the US in April and expectations of delayed interest rate cuts by the Federal Reserve, dampening economic optimism.
